Country Garden Services, the property services arm of Chinese property developer Country Garden, said on Wednesday it agreed to sell its 1.49% stake in Zhuhai Wanda Commercial Management for 3.14 billion yuan ($446.54...
Macrotech Developers buys out Ivanhoé Cambridge’s stake in 3 joint entities
Realty developer Lodha, listed as Macrotech Developers, has bought out the stake held by a company of Ivanhoé Cambridge in its three different joint entities for a consideration of Rs 239.56 crore. In line with the...
Legal & General sells UK housebuilder CALA Group in $1.8 bln deal
Legal & General has sold its UK housebuilder CALA Group in a deal worth 1.35 billion pounds ($1.78 billion) to an acquisition vehicle led by U.S. private assets firm Sixth Street Partners, as the latter steps up its...
NCLT approves acquisition of Radius Estates by Adani-owned Bridgeport Realtors
The National Company Law Tribunal (NCLT) has approved the acquisition of Radius Estates and Developers by Bridgeport Realtors, a subsidiary of Adani Group entity Adani Goodhomes, through a scheme of amalgamation. This...
Bank of Baroda approves resolution of Supertech’s Dehradun project
Bank of Baroda, one of the lender in Supertech Group has approved and sanctioned the resolution plan for company’s Dehradun project paving way for delivery of over 600 homebuyers. The company had submitted a project...
Essel Infra faces insolvency on J&K Bank’s application
Mumbai: A bankruptcy court Wednesday admitted Jammu and Kashmir Bank’s application to initiate insolvency proceedings against Essel Infraprojects Ltd, a company promoted by media baron Subhash Chandra, over what...
Macrotech Developers acquires 2 warehousing cos for Rs 96 cr
Macrotech Developers has acquired two companies operating in the warehousing sector for nearly Rs 96 crore. The realty developer has Acquired Opexefi Services and One Box Warehouse for Rs 46.67 crore and Rs 49.09 crore...
Blackstone, GIC among 10 bidders in fray for LOGOS India’s three assets
Global institutional investors including private equity major Blackstone Group, Singapore’s sovereign wealth fund GIC and Japanese shipping major Mitsui OSK Lines have bid to acquire LOGOS India’s select...
Simplex Projects’ promoter secures NCLT’s nod for acquiring company through bankruptcy
The bankruptcy court in Kolkata has approved the Simplex Projects revival plan submitted by its promoter Sudarsshhan Das Mundhra. Before the National Company Law Tribunal (NCLT) nod, the company’s lenders approved the...
NCLT approves Oberoi Realty arm’s acquisition of Nirmal Lifestyle Realty
The National Company Law Tribunal (NCLT) has approved the resolution plan proposed by an affiliate of listed property developer Oberoi Realty to acquire real estate development firm Nirmal Lifestyle Realty. The...
UK’s Takeover Panel extends deadline for Bellway-Crest Nicholson deal to Aug. 20
The UK Takeover Panel has extended the deadline for the 720 million pound ($913.7 million) all-share takeover proposal by homebuilder Bellway for its FTSE midcap peer Crest Nicholson to Aug. 20, the companies said on...
Equity Residential to buy apartment portfolio from Blackstone for nearly $1 bln
Equity Residential has agreed to acquire 11 apartment properties located in its expansion markets such as Atlanta and Denver from Blackstone for about $964 million, the companies said on Wednesday. The company will...
